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PPP Loan Data — Advisors Asset Management, Inc, Monument, CO

SBA PPP loan data, payroll data, and salaries for Advisors Asset Management, Inc
CO

Advisors Asset Management, Inc

Entity: Corporation

Industry: Investment Banking and Securities Dealing

Location: Monument, CO

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Advisors Asset Management, Inc is a corporation located at 18925 Base Camp Road in Monument, Colorado that received a Coronavirus-related PPP loan from the SBA of $5,356,942.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.36M

Jobs Retained:

268

Loan Approved:

2020-04-05

Lender:

WINTRUST BANK, NATIONAL ASSOCIATION

Advisors Asset Management, Inc in Monument, CO received a Paycheck Protection Loan of $5.36M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Advisors Asset Management, Inc's total 2019 payroll expenses were approximately $25.71M in order to qualify for the PPP loan amount received.

Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $95,945 per employee1.

Because the loan received by Advisors Asset Management, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Advisors Asset Management, Inc in Monument, CO

Advisors Asset Management, Inc
18925 Base Camp Road
Monument, CO 80132

Business Industry

Investment Banking and Securities Dealing (NAICS code 523110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-05

Industry PPP Comparison Statistics

Nationwide, 1,729 businesses in the "Investment Banking and Securities Dealing" industry received a total of $199,393,934.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 98% lower than Advisors Asset Management, Inc's reported 268 employees, and received an average PPP loan of $115,323, 98% lower than this company's loan of $5.36M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/advisors-asset-management-inc-monument-co